Claim Missing Document
Check
Articles

Found 29 Documents
Search

Impact of Credit and Liquidity Risk on Profitability: The Conventional Rural Banks in Riau Islands Province Hesniati, Hesniati; Ellen, Ellen; Marheni, Dewi Khornida
Jurnal Maksipreneur Vol 13 No 2 (2024)
Publisher : Universitas Proklamasi 45

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30588/jmp.v13i2.1667

Abstract

The Covid-19 pandemic drastically changed the world economy, resulting in Indonesia experiencing an economic decline and deflation. The banking industry played a significant role in building the economy, so the financial services authority issued a circular letter regarding the provisions for implementing risk management for conventional rural banks and the new rules for implementing credit restructuring. This study analyzed the impact of credit and liquidity risk of conventional rural banks in the Riau Islands on profitability. Data were extracted from the financial services authority publication report of 42 conventional rural banks in Riau Islands during 2017-2021. The results of panel data analysis with the fixed effect model (FEM) showed that all risks were significantly associated with profitability (ROA), the authors found that the capital adequacy ratio had a positive significance, and the non-performing loan, liquid asset to total asset, loan to deposit ratio, and cash to deposit ratio harmed ROA. The results showed that bank risk management was needed to maintain the profitability of rural banks in Riau Islands Province.
Implications of The Effect Of Profitability and Liquidity on Capital Structure in Mining Companies in Indonesia With Firm Size as Moderation Ramadani, Arienda Gitty; Hesniati, Hesniati; Safitri, Destiana
Jurnal Manajerial Vol 12 No 01 (2025): Jurnal Manajerial
Publisher : Program Studi Manajemen Universitas Muhammadiyah Gresik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30587/jurnalmanajerial.v12i01.8503

Abstract

Background – Economic growth in Indonesia in 2022 reached 5.31%, which is the highest achievement from 2014. Although Indonesia was hit by the negative impact of the Covid-19 pandemic, the economy in Indonesia continues to show resilience and increasing rapidly. The ideal capital structure is a blend of debt and equity that maximizes firm value through prudent investment choices and enhances the financial and operational performance of the business. Aim – This research is to determine the impact of internal factors on capital structure. By investigating the moderating effect of business size on the link between profitability and liquidity on capital structure, this study adds to the body of previous work. Design / methodology / approach – This study employed a quantitative research design, which entails gathering quantifiable numerical data and applying statistical analysis to determine and elucidate the relationship between variables. The study employed secondary data, which was sourced from a company’s financial documents. Purposive sampling is used in the study to choose profitable companies. This approach is being employed since the data used in the study are secondary data, which offer more comprehensive and varied data information. Eviews was used to help with the data analysis strategy used in this investigation. Findings – The hypothesis for the first hypothesis is profitability accepted to have a positive and significant effect on capital structure. Second hypothesis is accepted, and fourth hypothesis is accepted. While the third hypothesis is rejected. Research implication – According to the research, a 1% improvement in profitability (ROA) can result in a 0.06% reduction in the company's debt, raising earnings and lowering the amount of debt in the capital structure. High liquidity companies typically use their internal profits instead of taking on debt or issuing additional shares. The study's findings imply that firm size may have an impact on the relationship between capital structure and liquidity because larger, more liquid corporations are thought to be more able to pay back their loans. Limitations – The study acknowledged numerous limitations, including the use of USD exchange rates, which rendered some data meaningless, and the elimination of enterprises with unfavorable financial reports. Just 46 of the 63 profitable mining businesses listed on the IDX were examined in this study. Consequently, the study suggests that more research be done over a longer time period on various organizations or sectors. It also recommends that future research include more independent factors or mediating variables.
Navigating Market Volatility: ESG and Islamic Stock Performance amidst Covid-19 Stringency Agustin, Isnaini Nuzula; Safitri, Destiana; Hesniati, Hesniati; Robin, Robin
ETIKONOMI Vol 24, No 1 (2025)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v24i1.38475

Abstract

Research Originality:  This study examines the relationship between ESG and Islamic stocks under the exceptional circumstances of the COVID-19 pandemic. Researchers included the stock volatility and involved policy stringency, extending the recent literature focusing on accounting-based performance.Research Objectives: This study examines the relationship between ESG practices and Islamic stock performance during the COVID-19 pandemic.Research Methods: This study applied panel regression analysis. Researchers used Shariah-compliant stocks with ESG scores ranging from 2020 to 2022, resulting in 96 observations.Empirical Results: This study posits the ability of Social and Governance practices to reduce market volatility. The stringency of COVID-19 significantly affected stock volatility, highlighting the importance of government intervention during the Pandemic.Implications: These findings support the need for implementing measures and regulations that incentivize companies to adopt comprehensive ESG practices, which are expected to contribute to stock market stability, particularly during turbulent times.JEL Classification: J6, M2, O3How to Cite:Agustin, I. N., Safitri, D., Hesniati., & Robin. (2025). Navigating Market Volatility: ESG and Islamic Stock Performance Amidst Covid-19 Stringency. Etikonomi, 24(1), 69 – 84. https://doi.org/10.15408/etk.v24i1.38475.
Analisis Pengaruh Intellectual Capital terhadap Financial Performance Perusahaan Energi di Indonesia Putri, Shieny Tan; Hesniati, Hesniati
Jurnal Maksipreneur Vol 14 No 1 (2024)
Publisher : Universitas Proklamasi 45

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30588/jmp.v14i1.1266

Abstract

This study was conducted to determine the effect of intellectual capital on the financial performance of Indonesian companies engaged in the energy sector. This study is a causal-comparative study with company performance as the dependent variable, and intellectual capital efficiency (ICE) as the independent variable consisting of human capital efficiency (HCE), structural capital efficiency (SCE), relational capital efficiency (RCE), and capital employed efficiency (CEE). This study also uses two control variables, i.e. leverage and size. The sample studied was 21 Indonesian companies listed in the energy sector on the Indonesia Stock Exchange (IDX) which were obtained through the purposive sampling method. This study uses secondary data in the form of the company's annual financial reports for five years (2016-2020). The data were analyzed using the panel data regression analysis method, and the results of the analysis found that the independent variable that had a significant and positive effect on company performance was relational capital efficiency (RCE) while the influence of other variables was found to be insignificant.
Apakah Faktor Demografi Mempengaruhi Minat Investor Lokal pada Pasar Modal Internasional? Analisis yang Dimoderasi oleh Literasi Keuangan Angelina, Winna; Budiman, Johny; Hesniati, Hesniati
Eqien - Jurnal Ekonomi dan Bisnis Vol 14 No 2 (2025): Jurnal Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis Universitas Islam DR KH EZ Mutaqien

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34308/eqien.v14i2.2021

Abstract

The rapid growth of investment activities in national and international capital markets has significantly increased the number of investors competing for financial stability. Each investor has different investment decision-making preferences, influenced by various internal and external factors. This study focuses on internal factors in the form of demographic characteristics of local investors, such as gender, risk tolerance, religiosity, and income, complemented by financial literacy as a moderating variable. The purpose of this study is to evaluate the extent to which these factors can influence investment decision-making in international capital markets, which tend to be more complex. The research data was collected by distributing questionnaires to 280 respondents who are active investors in the Indonesian capital markets. Using the PLS-SEM analysis method, the results show that gender, risk tolerance, income, and financial literacy have a significant positive influence on investment decisions in international capital markets. Additionally, religiosity also has a positive but insignificant influence. Financial literacy as a moderating variable also tends to have a dominant negative and insignificant effect in strengthening the relationship between variables.
Unlocking Profitability: How CSR Practices Drive Financial Performance Through Green Innovation Haryanto, Hery; Hartono, Cindy; Hesniati, Hesniati
Jurnal Dinamika Akuntansi dan Bisnis Vol 12, No 1 (2025): March 2025
Publisher : Accounting Departement Economics and Business Faculty Syiah Kuala University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jdab.v12i1.39531

Abstract

This study explores the influence of corporate social responsibility (CSR) and green innovation on corporate financial performance. Using purposive sampling, the research examines a sample of 126 manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. Data were collected from the sample companies annual reports. Employing regression analysis to analyze the data, this study finds that CSR and green innovation positively affect financial performance. Companies that actively engage in CSR initiatives are more likely to implement environmentally friendly innovations. This study also found that green innovation mediates the relationship between CSR and financial performance. Consequently, prioritizing CSR fosters green innovation, which, in turn, improves financial performance through increased efficiency, corporate reputation, and market opportunities. This study provides valuable insights for managers and practitioners, highlighting the strategic role of CSR in strengthening financial performance through green innovation.
The Influence of Corporate Social Responsibility to Stock Return Haryanto, Hery; Kelvin, Kelvin; Hesniati, Hesniati
Jurnal Maksipreneur Vol 14 No 2 (2025)
Publisher : Universitas Proklamasi 45

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30588/jmp.v14i2.1759

Abstract

The research investigates the impact of Corporate Social Responsibility (CSR) on stock returns in the mining sector of Indonesia. The study examines data from financial reports and annual reports of 37 Indonesian companies listed on the stock exchange between 2017 and 2021. The research measures stock return using various factors, including corporate social responsibility, firm age, firm size, return on equity (ROE), and return on assets (ROA). The results reveal that there is a significant positive relationship between ROA and stock return. However, firm age shows a significant negative relationship with stock return, whereas firm size, ROE, and CSR do not have a significant effect. The research findings contribute to the existing literature by suggesting that in Indonesia, investors do not consider CSR as a key factor when making investment decisions since they are not particularly interested in the CSR activities undertaken by companies.
Corporate Social Responsibility in Family-Controlled Firms: A Moderated Study of Slack Resources in Indonesian Manufacturing Haryanto, Hery; Hesniati, Hesniati; Maitri, Badra
Jurnal Dinamika Akuntansi dan Bisnis Vol 12, No 2 (2025): September 2025 In press
Publisher : Accounting Departement Economics and Business Faculty Syiah Kuala University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jdab.v12i2.43782

Abstract

The socioemotional wealth perspective emphasizes a companys concern with preserving its reputation and image. This study investigates the effects of family firms, family ownership, and family management on corporate social responsibility (CSR) disclosure, with slack resources serving as a moderating variable. Employing a quantitative approach, the analysis draws on secondary data from 118 manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 20182022, yielding 590 firm-year observations. Multiple linear regression using Stata was applied. The results show that family firms have a significant negative effect on CSR disclosure, while family management has a significant positive effect. In contrast, family ownership exhibits no significant relationship with CSR disclosure. Moreover, slack resources are found to moderate the relationships between family firms, family ownership, family management, and CSR disclosure.
Pendekatan Teori Perilaku Berencana Terhadap Minat Beli Produk Ramah Lingkungan Lady, Lady; Susanti, Susanti; Hesniati, Hesniati
Studi Ilmu Manajemen dan Organisasi Vol. 6 No. 3 (2025): Oktober
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/simo.v6i3.4066

Abstract

Purpose: The purpose of this study is to link environmental concern and the theory of planned behavior to the intention to purchase green products in Indonesia. Purpose: This study aims to link environmental concerns and the theory of planned behavior to the intention to purchase green products. Methodology/approach: This research was conducted from December 2023 to January 2024 with 359 respondents using convenience sampling method. The research object is the purchaser of green products in Indonesia. Data analysis was performed using partial least squares structural equation modelling (PLS-SEM). Results/findings: The results show that environmental concern significantly and positively affects green attitudes. Green attitude, green behavior control, and green product awareness all had significant positive effects on green purchase intention. Green attitude mediates the effect of environmental concern on the intention to purchase green products. This study found that subjective green norms do not significantly affect green purchase intentions. Conclusions: In Indonesia, green purchase intention is primarily driven by environmental concern, attitude, control, and awareness, while subjective norms have no effect. Community campaigns are needed to strengthen the social influence of eco-friendly consumption. Limitations: The use of convenience sampling method in data collection may lead to the issue that not all participants represent the general population. Additionally, this study did not specifically focus on the use of environmentally friendly products such as electronics, vehicles, or food. Contribution: This study contributes to the literature on green marketing by enhancing the intention to purchase green products among business owners and policymakers. This will raise public awareness of environmental issues in Indonesia. Methodology/approach: This research was conducted from December 2023 to January 2024 with 359 respondents using convenience sampling. Data analysis was performed using partial least square – structural equation modeling (PLS-SEM). Results/findings: The results show that environmental concern has a significant positive effect on green attitude. Green attitude, green behavior control, and green product awareness all have a significant positive effect on green purchase intention. Green attitude mediates the effect of environmental concern on the intention to purchase green products. This study found that green subjective norm does not significantly affect green purchase intention. Limitations: The use of the convenience sampling method in data collection may lead to the issue that not all participants represent the general population. Additionally, this study does not specifically focus on the use of environmentally friendly products, such as electronics, vehicles, or food. Contribution: The results of this study will provide academic contributions by linking environmental concern with the theory of planned behavior (TPB) approach to explore the psychological factors in explaining the intention to purchase green products. Second, it will contribute to business owners and policymakers in enhancing the intention to purchase green products. Third, it will raise awareness among the general public about environmental issues in Indonesia.